671 Forest Avenue, Portland, ME 04103

$1,499,000

Retail space being converted into apartments

Adding 2 Units to Right Side "Retail" Space

Property Type: Commercial Square Footage: 11,169 Lot Size (sq. ft.): 5,227 Status: Active

Current Price: $1,499,000 List Date: 1/27/2026 Last Modified: 3/19/2026

Overview

Description

INVESTORS TAKE NOTICE: 1 retail and 8 residential units (9 units total) in a prime Portland location! Discover a unique investment opportunity at the vibrant intersection of Forest Ave, Woodford St, and Ocean Ave. This property features a strategic location with one street-level retail unit, perfect for businesses seeking prime visibility, and eight residential units on the second floor, providing modern living spaces with 1 to 3 bedrooms.Positioned at a bustling intersection, the property promises high traffic and accessibility via major thoroughfares and public transportation. Investors can capitalize on a steady rental income stream from the mix of residential and commercial spaces, while the prime location ensures long-term appreciation and demand. Explore the potential of this mixed-use gem, combining convenience, versatility, and income prospects. Schedule your private viewing and seize the opportunity to invest in this dynamic property. The full finished basement, equippe ... (Read more)

Listing Details MLS# 1650411

Location Information

Street #: 671
Street Name: Forest
Street Type: Avenue
County: Cumberland
Town: Portland
State/Province: ME
Zip Code: 04103
Zip +4: 4101
Leased Land: No
Book: 31169
Page: 226
Map: 129
Lot: L002
Zoning: B2
Zoning Overlay: Unknown
Full Tax Amount $: 15028
Tax Year: 2024
Tree Growth Y/N: No
Association Y/N: No

Contract Information

Original List Price: 1499000

Property Information

Primary Use: Multi Family
Surveyed: No
Year Built: 1910
SqFt Finished Total: 11169
Lot Size Acres +/-: 0.12

Commercial Bldg Information

Confidentiality Statement: No
Gross Income: 145308
Operating Expenses: 34519
Retail SqFt: 1108
Total Units: 9

Levels

Multi-Level: Yes

Location

Bus Line: Yes
Business District: Yes
Downtown: Yes
Near Airport: Yes
Near Shopping: Yes
Near Turnpike/Interstate: Yes
Public Transport Access: Yes

More Information

Property Uses

Commercial: Yes
Office Building: Yes
Other: Yes
Retail: Yes

Construction

Masonry: Yes

Basement

Finished: Yes
Full: Yes
Unfinished: Yes
Walk-Out Access: Yes

Exterior

Brick: Yes
Brick Veneer: Yes

Roof

Flat: Yes
Other: Yes

Heat System

Baseboard: Yes
Hot Water: Yes

Heat Fuel

Oil: Yes

Cooling

None: Yes

Floors

Carpet: Yes
Tile: Yes
Vinyl: Yes

Parking

1 - 4 Spaces: Yes
Off Street: Yes
On Street: Yes
Paved: Yes

Electric

Circuit Breakers: Yes

Gas

Natural - At Street: Yes
Natural - On Site: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Property Features

Location: Bus Line; Business District; Downtown; Near Airport; Near Shopping; Near Turnpike/Interstate; Public Transport Access Construction: Masonry Levels: Multi-Level Property Uses: Commercial; Office Building; Other; Retail Basement: Finished; Full; Unfinished; Walk-Out Access Exterior: Brick; Brick Veneer Roof: Flat; Other Heat System: Baseboard; Hot Water Heat Fuel: Oil Cooling: None Floors: Carpet; Tile; Vinyl Parking: 1 - 4 Spaces; Off Street; On Street; Paved Electric: Circuit Breakers Gas: Natural - At Street; Natural - On Site Sewer: Public Sewer Water: Public

Documents

Income & Expense ›

Property Disclosure ›

Floor Plan 675 Forest Ave (5 Apartments) ›

Floor Plan 671 Forest Ave (Lower Levels) ›

Basement Unit Expansion Plan ›

Adding 2 Units to Right Retail Unit ›

Multi Unit Addendum ›

LPA ›

Deed ›

IDX

Listing Office: Maine Real Estate Co

Last Updated: March - 19 - 2026

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.